Russia Oil Gas Magazine

Division of TAGRAS Holding Breaks Its Own Record for Hydraulic Fracturing Volume with 310 Tons of Proppant Injected

At Well No. 10000 of the Yuzhno-Balykskoye Field (Khanty-Mansi Autonomous Okrug), owned by RN-Yuganskneftegaz, the TAGRAS-RS division of TAGRAS Holding carried out a high-volume hydraulic fracturing (HF) operation with the injection of 310 tons of proppant. A key factor in the success of the operation was the use of an …

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Eurasia Journal News

Oil companies in Khanty-Mansi Autonomous Okrug incurred half a billion rubles in losses in the first quarter

Oil-producing companies of Yugra have lost over 600 million rubles since the beginning of the year, reports the Tyumenstat portal. “Net financial result of organizations: crude oil and natural gas production. [Loss] 619,558.5 million rubles. [Profit] 135.530 million,” Tyumenstat states. Earlier, URA.RU reported that an oil company went into the …

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Eurasia Journal News

Gazprom Neft Opens Next-Generation Rotational Camp in Khanty-Mansi Autonomous Okrug–Yugra

Gazprom Neft Builds Russia’s First Multifunctional Rotational Camp at an Autonomous Field in Khanty-Mansi Autonomous Okrug–Yugra. Gazprom Neft has created the first in Russia multifunctional rotational camp at an autonomous field in Khanty-Mansi Autonomous Okrug–Yugra for the life, work, and recreation of employees at a level comparable to that of …

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Eurasia Journal News

Gazprom Subsidiary Consolidates Assets in the Khanty-Mansi Autonomous Okrug

Salym Petroleum Development (SPD) Oil Company from the Khanty-Mansi Autonomous Okrug, a subsidiary of Gazprom Neft, has begun a reorganization process. It will merge with the firm Salym-2 from Khanty-Mansiysk. “The company notifies about the reorganization in the form of a merger with Salym-2 LLC. Creditors’ claims may be submitted …

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Russia Oil Gas Magazine

Top Executive from KhMAO Appointed Head of Major Oilfield Services Company

Andrey Tregubov, a native of the Khanty-Mansi Autonomous Okrug (KhMAO), has been appointed CEO of Petro Welt Technologies (PeWeTe), a group of companies operating in the oilfield services sector. Tregubov previously served as Executive Director of the oil company “Katobneft” in Nizhnevartovsk. “Effective May 25, 2025, Andrey Tregubov has been …

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Eurasia Journal News

Gazprom Neft Increased Hydrocarbon Production and Processing in the First Quarter of the Year 2025

Gazprom Neft has published its consolidated condensed interim financial statements for the first quarter of 2025, prepared in accordance with International Financial Reporting Standards (IFRS). Despite macroeconomic headwinds, inflationary pressure, and an increase in the tax burden, the company achieved strong operational performance during the reporting period. Revenue for Q1 …

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Eurasia Journal News

Gazprom Neft Has Renamed “GPN-Middle East Projects” to “Western Asia”

The subsidiary of Gazprom Neft, Limited Liability Company GPN-Middle East Projects, has been renamed Limited Liability Company Western Asia. The name change was registered on May 7, according to data from the Unified State Register of Legal Entities of the Russian Federation (EGRUL). Gazprom Neft established GPN-Middle East Projects exactly …

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Russia Oil Gas Magazine

The Oilfield Services Subsidiary of Public Joint Stock Company LUKOIL Has Increased Its Turnover

The oilfield services enterprise SpetsPromService, in which Public Joint Stock Company LUKOIL holds a 49.5 percent stake, increased its revenue six hundredfold in the year 2024, reaching 20.4 billion Russian rubles, according to a report by Kommersant. The publication notes that the revenue figures of SpetsPromService are now comparable to …

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Eurasia Journal News

The Growth of Reserves of Public Joint Stock Company Surgutneftegas Fully Replaced Its Oil Production in the Year 2024

The growth of recoverable reserves of Public Joint Stock Company Surgutneftegas fully offset its hydrocarbon production in the year 2024, and the company has the same target for 2025, according to Vyacheslav Chirkov, Chief Geologist of the company, who spoke at a meeting of the Board of the Federal Agency …

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Eurasia Journal News

Gazprom Neft to Establish a Network of Test Sites in Western Siberia for Hard-to-Recover Oil Technologies

Gazprom Neft has received new licenses for the establishment of technology test sites dedicated to piloting domestic solutions for the development of hard-to-recover oil reserves (HRR). This initiative will enable the company to create the largest network of such sites in Russia, accelerating the deployment of advanced approaches to unconventional …

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